“I’m scheduled to close escrow in 3 weeks, but my mortgage is due next week. Should I pay it?”
Answer:
Yes.
When you close, your lender may not have processed your last payment and may charge you for it.
But banks have a surprisingly accurate and efficient record of refunding any overpayments. You’d think banks might “forget” to refund the money, causing you to chase them and cut through red tape. But they’re surprisingly dependable at refunding any double payment.
BTW, mortgage payments are made after the fact, so your last payment is for the previous 30 days.
Little-Known Tips & Smart Strategies To Sell Your San Diego Home
